Meebco acquires Yuga Labs Meebits

Yuga Labs has sold the intellectual property rights of the <a target="_blank" href="https://x.com/MeebitsNFTs” target=”_blank” rel=”noopener”>MEEBITS nft collection to <a target="_blank" href="https://x.com/MeebitCompany” target=”_blank” rel=”noopener”>Meebit Company (Meebco), A newly formed entity backed by the Risk Capital Company <a target="_blank" href="https://x.com/1confirmation” target=”_blank” rel=”noopener”>1 Confirmation.

The acquisition is part of the Yuga Labs strategy to focus on its main projects, including the boring APE Yacht Club (Bayc) and the metaverse of other arts. Although the financial terms of the agreement have not been revealed, the transition changes the responsibility for the future development of Meebits to Meebco.

Meebco, directed by the Meebits collector for a long time <a target="_blank" href="https://x.com/sergitosergito/status/1890437464675791296″ target=”_blank” rel=”noopener”>Sergio Silva, He has announced plans to introduce initiatives focused on the community while maintaining the presence of the collection in the metoverso of Yuga Labs.

What is Meebco?

Meebco is a newly established company formed to manage and expand the Meebits nft collection.

Backed by 1 confirmation, the company aims to guarantee the continuous development of the collection while introducing new commitment opportunities. The company has declared that it plans to expand the Meebits brand through digital narration, merchandise and art -promoted initiatives.

As part of its strategy, Meebco has participated in an association with Onsaa, which has been designated as the official third party market for Meebits. The company has clarified that, although Opensa is the favorite market, the owners are free to use any platform for trade. However, the bits, the new rewards system, will only be distributed to the merchants who use Opensa.

“Meebits have always been about creativity, culture and open explanation,” said Sergio Silvia, CEO of Meebco. “As administrators of this incredible brand, we are committed to preserving their spirit while we push the limits of what is possible.”

What does this mean for the headlines of Meebits nft?

For current Meebits headlines, the transfer of property means that the future address of the collection will now be molded by Meebco instead of yuga labs. Although Meebits will continue to be part of the other's metoverside, its development will be managed separately from The other Yuga nft projects.

An immediate change is the introduction of BIT, a rewards system based on points aimed at encouraging commitment within the Meebits ecosystem. The headlines will gain bits retroactively depending on the duration of their property, and additional bits can be acquired through commerce in Opensa. Meebco has declared that it will explore more uses for bits over time, although specific details have not yet been revealed about its long -term value or functionality.

“Meebco was founded by the passionate and for a long time they have a deep understanding of what makes this brand special,” said Greg Solano, CEO of Yuga Labs. “We are sure that they will bring fresh energy and creativity to the merits , and we are excited to see how the brand continues to grow by itself and as a vibrant part of the ecosystem of other ATSIDE. “

Meebco has also declared that the royalties of OpenSea transactions will be directed to the expansion of content, experiences and utility related to Meebits.